WINONA, Minn., Oct. 11, 2012 (GLOBE NEWSWIRE) -- The Fastenal Company of Winona, MN (Nasdaq:FAST) reported the results of the quarter ended September 30, 2012. Except for per share information, or as otherwise noted below, dollar amounts are stated in thousands. Share and per share information in this document has been adjusted to give effect to the two-for-one split of our common stock in May 2011.
Net sales, pre-tax earnings, net earnings, and net earnings per share were as follows for the period ended September 30:
|Nine-month period||Three-month period|
|Net sales||$ 2,376,342||2,069,055||14.9%||$ 802,577||726,742||10.4%|
|Pre-tax earnings||$ 516,004||434,312||18.8%||$ 175,836||155,319||13.2%|
|% of sales||21.7%||21.0%||21.9%||21.4%|
|Net earnings||$ 321,820||270,458||19.0%||$ 109,320||96,798||12.9%|
|Net earnings per share (basic)||$ 1.09||0.92||18.5%||$ 0.37||0.33||12.1%|
Note: The three month period ended September 30, 2012 contained 63 business days; however, the same period in 2011 contained 64 business days. Our reported sales for the quarter grew 10.4% as noted above; when adjusted for the number of business days, our daily sales growth was 12.2% in the quarter. On a sequential basis in 2012, the first, second, and third quarters had 64, 64, and 63 business days respectively; and our daily sales average was $12,014, $12,576, and $12,739, respectively.